Agency: The global semiconductor market is expected to grow by 5% in 2023 to $679.6 billion

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 Titanium Media App reported on June 8 that the World Semiconductor Trade Statistics Association (WSTS), which is composed of major semiconductor manufacturers, released data on June 7 that the semiconductor market is expected to increase by 5% in 2023 compared with 2022, reaching $679.6 billion. Although the growth rate has slowed, it has surpassed the previous year for the fourth consecutive year. The global semiconductor market in 2022 is expected to be $646.4 billion, up $45 billion from the previous forecast. The 2021 fixed value is $555.8 billion, a 26% increase over 2020. WSTS expects that in 2022, both the logic chips and memory used for computing, which supported the rapid growth before, will slow down. Both will grow 31% in 2021 from the previous year, while in 2023 logic chips will grow 7% year-on-year and memory will grow 3% year-on-year.

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